Ocado dumped 16% lower as it prepares to relinquish JV to Marks & Spencer
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Ocado Group PLC shares fell nearly 20% as it plans to transfer its joint venture to Marks & Spencer. Despite strong revenue growth and improved EBITDA, analysts express concerns over the company's cash flow outlook.
February 27, 2025 | 12:15 pm
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Ocado's shares dropped nearly 20% as it plans to transfer its joint venture to Marks & Spencer. Despite strong revenue growth and improved EBITDA, concerns over cash flow remain.
Ocado's significant share price drop is due to its decision to transfer its joint venture to Marks & Spencer, which may have raised concerns about future cash flow despite strong revenue growth and improved EBITDA.
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